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Nov 28, 2012
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thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone, house republicans said they'll meet with s
thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white...
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Nov 29, 2012
11/12
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look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, soen in the interests of reminds us some companies are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorses is the column that consequence taply amazes me, david pentagon, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts several enough, a segment of an npr-call-in seg meant that he was going to offer
look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress 123 are the democrats giving? have they given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan is the farce that is washington. one of the worst aspects of this era where we have to hang on the word of every people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is...
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Nov 26, 2012
11/12
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who's afraid of going off the fiscal cliff? well, not anti-tax crusader grover norquist who tells "the wall street journal" he thinks republicans will hold the line on taxes. and if there's no deal, norquist isn't worried, telling "the journal," the woerld won't come to an end if this isn't resolved before january. meanwhile, in "the new york times," warren buffett takes a dig at norquist and others while making his case for a minimum tax on the wealthy. the oracle of omaha writes, "let's forget about the rich and the ultrarich going on strike and stuffing their ample funds under their mattresses if -- gasp -- capital gains rates and ordinary income rates are increased." >>> after weeks of criticism over u.n. ambassador susan rice, senator john mccain who vowed to block her potential nomination as secretary of state appears to be backing off that threat. >> she could conceivably get your vote for secretary of state? >> i think she deserves the ability and the opportunity to explain herself and her position, just as she said. >>
who's afraid of going off the fiscal cliff? well, not anti-tax crusader grover norquist who tells "the wall street journal" he thinks republicans will hold the line on taxes. and if there's no deal, norquist isn't worried, telling "the journal," the woerld won't come to an end if this isn't resolved before january. meanwhile, in "the new york times," warren buffett takes a dig at norquist and others while making his case for a minimum tax on the wealthy. the oracle...
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Nov 28, 2012
11/12
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it all leads back to the fiscal cliff. bob pisani has been track being the comeback for the major averages. eamon javers has been following the cliff negotiations. bob, i want to start with you. that incredible turnaround that we saw in the market sentiment this morning on some happy talk out of boehner. >> yeah. let me just show you what happened this morning here. first mr. boehner said that he was optimistic. put up the dow industrials. said he wasoptimistic that a deal could be reached. that happened here around the marked move up. then president obama got the markets to moch ve up. he said he wanted a deal before christmas. two comments today is what's moving the market. again these are all fiscal cliff issues. if you look elsewhere am some of the industries that are out, home builders had a little bit of a disappointment today. new home sales for actually below expectations. september was revised downward. we haven't seen this. this is the first sort of negative bit of housing data we've seen in a while. home builder
it all leads back to the fiscal cliff. bob pisani has been track being the comeback for the major averages. eamon javers has been following the cliff negotiations. bob, i want to start with you. that incredible turnaround that we saw in the market sentiment this morning on some happy talk out of boehner. >> yeah. let me just show you what happened this morning here. first mr. boehner said that he was optimistic. put up the dow industrials. said he wasoptimistic that a deal could be...
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Nov 23, 2012
11/12
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for consensus on the big fiscal cliff. host: could be wrapped up in the larger fiscal cliff talks and the possible deal they might come up with? guest: i suppose it is right. the postal service has been in its own little world since 1971 when it became an independent arm of the government, a semi- independent quasi business off of -- into its own world since 1971. it would have to have its own little section that could be added to the final legislation dealing, the big deal, the grand bargain. host: let's get to phone calls. karen from the illinois. democratic caller. caller: i was wondering why the post office is the only business that has to prepay way in advance? the republicans -- run that throned on a lame duck session? if they would go in and take it away, the post office would not be in the shape it is in. guest: the caller makes a pretty good point. the negotiators are trying to not eliminated but maybe give a -- reduce the amount of prepayments that are required. to reduce it a good amount -- the majority might be
for consensus on the big fiscal cliff. host: could be wrapped up in the larger fiscal cliff talks and the possible deal they might come up with? guest: i suppose it is right. the postal service has been in its own little world since 1971 when it became an independent arm of the government, a semi- independent quasi business off of -- into its own world since 1971. it would have to have its own little section that could be added to the final legislation dealing, the big deal, the grand bargain....
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Nov 26, 2012
11/12
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congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to changes in social security and medicare. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has
congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all...
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Nov 29, 2012
11/12
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Nov 25, 2012
11/12
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there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another recession, which their states can ill afford. let's go to houston, texas and hear from barry. caller: high. host: am i:should sit seven role in the negotiations? we are hearing about how republicans and president obama are negotiating. caller: i think the democrats should have some form of a democratic rip -- rip at the table. i believe everybody should be involved. it has gone on too far like this without points being made. our domestic investment needs to be saved. they need to cut the military spending down and preserve the safety nets. raise the taxes up and let's
there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another...
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Nov 27, 2012
11/12
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you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan rice meeting with three of her sharpest critics today on capitol hill to explain her description of the benghazi attack. could this remove the opposition to her possible cabinet nomination? could that be pommes coming as early as this week? and i hear we have a special guest coming. n nascar's danica patrick is going from the racetrack to the virtual world of video games. danica patrick is going to be here. >> i'd like to race in her car. >> yeah, yeah. >> can you pull that off for me? >> i'll see what i can do. i'll put in a good word for
you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan...
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Nov 27, 2012
11/12
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goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on t
goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in...
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Nov 28, 2012
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host: if you go to our website c-span.org/fiscal those plays cliff -- c-host:span.org/fiscal cldff. next it will have a roundtable discussion on the fiscal of. but first, in news update. >> patrick donahoe in remarks earlier today on cbs this morning said the agency must be allowed to use prepayments on the retirement health-care fun and allow general mail delivery on saturday. he said he thinks most people do not realize that in his words, we are 100% self-sufficient. we pay our own way. but the postal agency is losing $16 billion this year. the epa is set -- is temporarily suspending bp from new contracts with the u.s. government. two weeks ago, bp agreed to plead guilty involving -- in its involvement in the death of a love and oil workers in the oil spill in the gulf in 2010. bp also agreed to lying to congress over how much oil was spilled. defense secretary leon panetta, along with the vice president's wife, dr. khiel biden, -- jill biden, held a dedication at the vietnam memorial here in washington. it is expanding the planned scope of the center to include more recent servic
host: if you go to our website c-span.org/fiscal those plays cliff -- c-host:span.org/fiscal cldff. next it will have a roundtable discussion on the fiscal of. but first, in news update. >> patrick donahoe in remarks earlier today on cbs this morning said the agency must be allowed to use prepayments on the retirement health-care fun and allow general mail delivery on saturday. he said he thinks most people do not realize that in his words, we are 100% self-sufficient. we pay our own way....
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Nov 23, 2012
11/12
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everyone will be hit hard with the fiscal cliff. and resident in one state will pay a much higher price. we'll tell you which one coming up. >> quick head lineups, this 7th grared awarded the girl scouts medal of honor. she found her 70 year old grand mother lying on the floor. she had a kidney and bladder infection that would have killed her if not for emergency surgery. resident in new jersey face the highest tax hikings. families face a 7 percent tax hike. that is an average of $7000 a household. many sandy victims lost everything to the super storm. volunteers made sure those struggling to rebuild had a chance to enjoy thanksgiving. one woman opened her home to those who lost theirs. >> i had a big apartment and empty rooms and on a whim, it was a place to stay tonight and we have room and power and come and stay. >> that was a compassionate driven community they have met in a long time. >> over in hard hit staten island. they spend time helping families clean up. >> people helping people. that is in the spirit of the holidays.
everyone will be hit hard with the fiscal cliff. and resident in one state will pay a much higher price. we'll tell you which one coming up. >> quick head lineups, this 7th grared awarded the girl scouts medal of honor. she found her 70 year old grand mother lying on the floor. she had a kidney and bladder infection that would have killed her if not for emergency surgery. resident in new jersey face the highest tax hikings. families face a 7 percent tax hike. that is an average of $7000 a...
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Nov 26, 2012
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and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul steinhauser, he is live in washington for us this morning. nice to see you, paul. so falling off the fiscal cliff means severe spending cuts and tax hikes, automatically kick in. so how worried are most americans? i understand you have some numbers for us. >> i do have more numbers from that new cnn/orc national poll. americans are concerned about how it will affect them directly. almost four in ten said if the country falls off the fiscal cliff they will be impacted a great deal. or somewhat. look at this. another four in ten say somewhat. only about
and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul...
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Nov 25, 2012
11/12
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weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i think first of all the markets are going to start reacting. >> it's not a done deal and not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across-the-board cuts lawmakers say should concern everyone. >> i think you should be worried if you have a fence job we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the regulation of our food safety, whether we'r
weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i...
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Nov 29, 2012
11/12
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cliff. redeploying the campaign image, the president surrounded himself with what he called average middle class families, to ramp up the pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for everyone making less than $250,000 but wants taxes to go up for everybody else, and will take the message to pennsylvania avenue on friday. not to be outdone on the pr front the house republicans hosted a group of nervous business leaders, who are pushing serious spending cuts to supplement expected tax hikes. >> i am hopeful, but wouldn't put me down anywhere near the optimistic category. we have a long way to go, very few days to get it done. >> reporter: in the first republican break inside the house, the oklahoma congressman tom cole endorsed the short-term approach. >> in my view, we all agree we won't raise the taxes on peopl
cliff. redeploying the campaign image, the president surrounded himself with what he called average middle class families, to ramp up the pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for everyone making less than $250,000 but wants taxes to go up for everybody else, and will take the message to...
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Nov 26, 2012
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we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for instance, saxby chambliss and lindsey graham. both up for re-election in
we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will...
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Nov 29, 2012
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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Nov 25, 2012
11/12
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the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >> the commitment that he made to the people of georgia was not to me. it was to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to declare war against japan today. t
the fiscal cliff negotiations are set to take place this week. in washington today, we heard both sides staking out their positions. here's democratic senator carl levin on "meet the press." >> the key is whether the republicans will move away from the rigid position which has been the grover norquist pledge that they signed that they will not go away for additional revenues. >> the gop rejecting the decade-old pledge. here's what norquist said about cham bliss. >>...
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Nov 26, 2012
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talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine
talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that...
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Nov 26, 2012
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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Nov 26, 2012
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they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need to begin talking exactly the opposite of the way the federal government has worked so far. simply by starting with a budget on what we expect the income-tax to be instead of starting with what we would like to spend. that is backwards. you have to start with what you expect your income to be. host: here is what charlotte says on facebook. she says the tax rates are not creating any jobs, so stop talking out of both sides of your mouth, republicans. you can join that conversation on facebook. is with us from texas. caller:
they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need...
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Nov 27, 2012
11/12
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do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership this week to discuss this and take a leadership role in this fight? >> the president is taking a leadership role in this fight. i think people need to sit down as they have looked for ways to find progress. as you know the president already had the congressional leaders to the white house a little while back. people are pursuing different ideas right now to try to make -- to try and prevent us from going over the fiscal cliff, and the president has laid out a very clear map, road map for how we do that. martha: all right we walked right up to it in the grand bargain and th
do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership...
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Nov 24, 2012
11/12
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they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> there ar
they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it....
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Nov 26, 2012
11/12
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35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is that there will be some kind of compromise here, because as you pointed out most americans believe that if there is no agreement there really could be a crisis here. so you are seeing some softening from republicans who took that no tax pledge back to 1986. first it was saxby chambliss. now south carolina republican senator lindsey graham. take a listen. >> when
35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house...
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Nov 26, 2012
11/12
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we cannot go off the fiscal cliff. the election is over. we have a speaker. the democrats have a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at a grand bargain, it was the politics and brinksmanship and it all went nowhere until a final deal that brought us to this breaking point. do you think that the tax issue has to be solved first before you can get to any defending issues, any of the entitlement issues? >> i think it all has to be on the table. again, i don't want to be said what has to be done first or second. that's for them in the room. but the election is over. president obama won. he won fair and square. we won the house. we won it fair and square. democrats still control the senate. slight edge to the democrats. bottom line, it's over with. let's find a way to get this resolved as much as possible between now and the end
we cannot go off the fiscal cliff. the election is over. we have a speaker. the democrats have a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at a grand bargain, it was the politics and brinksmanship and it all went nowhere until a final deal that brought us to...
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Nov 26, 2012
11/12
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busy days at the white house now with the fiscal cliff looming. what is it 36 days left i think, before we might go over the cliff. what is on the president's agenda, david jackson covers the white house for "usa today." how are you? >> fine bill. how are you? >> bill: good. i missed my favorite event of the year, last week which was the pardoning of the thanksgiving day turkey. >> absolutely. he cracked a few jokes, making crack about something like his last gift. and he also made a nate silver joke. >> bill: oh, did he? >> yeah, saying nate silver was right on on which turkey would be pardoned this year. >> bill: that's great. i read in the tribune the fact that there was a big turn out of the press corps. >> yeah a lot of reporters brought family and friends because it's an easy event to get people into. >> bill: well, it is the party season. i got my invitation to the annual christmas party. >> yeah, the number keeps going up exponentially, but i think it is about 20. and he'll be shaking thousands of hands. they stand there in some room off o
busy days at the white house now with the fiscal cliff looming. what is it 36 days left i think, before we might go over the cliff. what is on the president's agenda, david jackson covers the white house for "usa today." how are you? >> fine bill. how are you? >> bill: good. i missed my favorite event of the year, last week which was the pardoning of the thanksgiving day turkey. >> absolutely. he cracked a few jokes, making crack about something like his last gift....
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Nov 28, 2012
11/12
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two opposing views on how to avert the so-called fiscal cliff from representatives tom price and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support
two opposing views on how to avert the so-called fiscal cliff from representatives tom price and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into...
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Nov 24, 2012
11/12
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that that's a priority and something that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle that? >> i think the first thing you need to do is make sure the higher income households pay their share. comprehensive tax reform, where we can broaden the base and make sure we are both getting the revenue we need, but at the same time, the progressiveivity we need to make sure the middle class are still strong. the first step, the last decade, average family is not getting any type of raise when adjusted for inflation and you've seen the income of the highest income americans skyrocket. so the first thing we need to do is solve that problem, then we can have a broader conversation. >> every
that that's a priority and something that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle...
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Nov 27, 2012
11/12
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that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive -- deficit reduction package but there's no question that we are -- that they are in many ways distinct. that's why when we talk about an immediate action a distinct, discreet action that congress could take if republicans in the house of representatives would agree to it, is to pass the tax cut, extending the so-called bush era tax cuts for 98 pk of the american people. let's do that right now, that's obviously not a comprehensive solution, it's a significant step toward a solution to the fiscal cliff. let's get that done
that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive --...
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Nov 23, 2012
11/12
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they're urging washington to avoid the fiscal cliff. cvs caremark is essentially saying, look, our customers are hard working american families, they make decisions on the budget. they've been faced with, basically, persistent high unemployment, fragile economic growth, and they want to know that d.c. is working on their behalf. so and that was also the same sentiment that you heard out of walgreens. walgreens also saying, basically, the health of the u.s. economy, the recovery and american families depends on a consensus agreement in washington, d.c. to avoid the fiscal cliff, and walgreens went on to say that we need fiscal clarity as a business in order to invest in the u.s. economy to create jobs and economic prosperity. so three companies stepping forward now joining other ceos urging a bipartisan consensus on the fiscal cliff deal. we haven't heard from cvs caremark and wall green's. we've heard from walmart, but not these two in the past. arthel: well, and they're both saying this is about our customers, not necessarily about us
they're urging washington to avoid the fiscal cliff. cvs caremark is essentially saying, look, our customers are hard working american families, they make decisions on the budget. they've been faced with, basically, persistent high unemployment, fragile economic growth, and they want to know that d.c. is working on their behalf. so and that was also the same sentiment that you heard out of walgreens. walgreens also saying, basically, the health of the u.s. economy, the recovery and american...
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Nov 25, 2012
11/12
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off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the n
off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by...
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Nov 29, 2012
11/12
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as the fiscal cliff approaches, we should be work together across the aisle to address issues like we are today with the defense authorization bill but also other critical issues, including tax issues and spending issues and that's what i wanted to address today. we -- we have a lot of challenges and instead of pulling together, we seem to be pulling apart. and i'm specifically referring to some of the suggestions by some in the majority that we consider controversial and partisan rule changes that would marginalize minority members and doing it in a way that breaks the current rules to change the rules. and what i mean by that is, it takes 67 votes to change a rule here in the united states sena senate. that's a rule, by the way, that dates back to 1917. and the reason that's in place is because obviously, you know, folks wanted to force the majority and the minority to work together to make those rule changes. you don't get a two-thirds vote without that. and i think that's important, that the basic rules are ones that are agreed on. we tend to change parties a lot around here. in f
as the fiscal cliff approaches, we should be work together across the aisle to address issues like we are today with the defense authorization bill but also other critical issues, including tax issues and spending issues and that's what i wanted to address today. we -- we have a lot of challenges and instead of pulling together, we seem to be pulling apart. and i'm specifically referring to some of the suggestions by some in the majority that we consider controversial and partisan rule changes...
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Nov 23, 2012
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patti ann: a major development in congress' fight to avoid a fiscal cliff. house speaker john boehner says the health care law has to be on the negotiating table if we hope to avoid that cliff. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp.there's more than that though, it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. are you looking for something nice and easy? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. call now to learn more. unitedhealthcare has the in
patti ann: a major development in congress' fight to avoid a fiscal cliff. house speaker john boehner says the health care law has to be on the negotiating table if we hope to avoid that cliff. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp.there's more than that though, it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've...
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Nov 24, 2012
11/12
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they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the cea
they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked...
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Nov 26, 2012
11/12
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this week, you're putting it on the table during the fiscal cliff. we need healthcare in this country. the supreme court has said it's legal. there is an accountability question. on the domestic side, it can't be just presidential. thank you. another guest on her show said it is time to get some of the folks out because obstruction is going to continue, we'll have a chance to do something from 2014 to 2016, what people need to do is start mobilizing at the state level to push the representatives out. thank you! [ applause ] if we end up at the same place -- boehner can't control his unruly caucus. just saying. >> see what you did there? josh in tennessee you're on "the stephanie miller show." hi josh. >> caller: yeah, steph, what's up? >> stephanie: hi. >> caller: i got a question for you. why are we even caring about this whole screw up in benghazi when we have massive amounts of problems here at home that we can't seem to deal with any kind of reasonableness, logic or common sense. >> stephanie: we're not making a big deal out of benghazi. fox news
this week, you're putting it on the table during the fiscal cliff. we need healthcare in this country. the supreme court has said it's legal. there is an accountability question. on the domestic side, it can't be just presidential. thank you. another guest on her show said it is time to get some of the folks out because obstruction is going to continue, we'll have a chance to do something from 2014 to 2016, what people need to do is start mobilizing at the state level to push the...
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Nov 21, 2012
11/12
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you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat about where this is going. this shouldn't be an amazing thing for me to tell you. i shouldn't be coming to you saying, look, congress might not blow up the economy for no good reason. or if i do have to say it, i shouldn't sound excited about it. that should be a given. but in recent years, it has not been a given. and the reason it hasn't been is in some ways traceable to this guy. you know that guy. that is grover norquist. if you go by his name or his picture, he may not seem imposing. but in the republican party, he's a guy that breaks your knees if you vote for higher taxes. all republicans p
you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat...
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Nov 29, 2012
11/12
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the president is will be meeting with paul tonko in the fiscal cliff negotiations. the man who had a tattoo on his face for the election removed. the r now stands for the man who was running for election but also the man who is a sore loser. >>> it's been four years since hillary clinton ran for president, but she's still carrying $70,000 in campaign debt. secretary of state mrs. clinton is not allowed to do any campaigning for herself so it is up to her husband bill to try to get that number down when she ran for president back in 2008, she ended up racking up $25 million. again that number is to about $73,000 about four years later. you can join us on chat which is always fun to do. go to current.com/stephanie miller and we'll be back with more show after the break. [ ♪ theme music ♪ ] [ ♪ music ♪ ] >> announcer: ladies and gentlemen, it's "the stephanie miller show." >> what a week we're having, really? nothing is worse in radio when somebody steals your ahead phones. now i'm using your ear phones and god knows what been in your ears. >> now wearing ear p
the president is will be meeting with paul tonko in the fiscal cliff negotiations. the man who had a tattoo on his face for the election removed. the r now stands for the man who was running for election but also the man who is a sore loser. >>> it's been four years since hillary clinton ran for president, but she's still carrying $70,000 in campaign debt. secretary of state mrs. clinton is not allowed to do any campaigning for herself so it is up to her husband bill to try to get that...
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Nov 27, 2012
11/12
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a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff to january 2, and pronounce, you know, our willingness to help the republicans negate the pledge not to raise taxes by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting a catastrophe over the full 2013 is an insult to p
a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff to january 2, and pronounce, you know, our willingness to help the republicans negate the pledge not to...
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Nov 26, 2012
11/12
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should we tumble over the fiscal cliff, the concerns are the impact that will have first and for most on the consumer. i saw it could take $200 billion out of the consumer evidence that is bad. taxes will be jacked up and membership less and a bunch of bad second --. >>neil: what if it is a deal it is disproportional tax hikes. >>guest: the question would, whose income is affected? who is seeing the faction hikes? are those the people that are spending money on day-to-day stuff? >>neil: so, a hike on the well to do would have less impact, is limited to the well-to-do than everyone, right? >>guest: for most consumer facing companies, they would say, yes, that is probably true. the effect that has on the long term in terms of capital formation is different, but if you are asking, short, short-term, macroeconomic effect, that is what is first and foremost and the other thing is our health care system is broken. >>neil: in your business that is more paramount. >>guest: we fowl we can be part of the solution to that because things like obesity are significant drivers of chronic disease and
should we tumble over the fiscal cliff, the concerns are the impact that will have first and for most on the consumer. i saw it could take $200 billion out of the consumer evidence that is bad. taxes will be jacked up and membership less and a bunch of bad second --. >>neil: what if it is a deal it is disproportional tax hikes. >>guest: the question would, whose income is affected? who is seeing the faction hikes? are those the people that are spending money on day-to-day stuff?...
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Nov 29, 2012
11/12
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let's get to the fiscal cliff. the president set the deal, over the next decade. are there specific ways of reaching that figure that both of you might agree on? >> well, you know, i think one compromise i agree with the democrats on, we need to cut the military spending. so i think the compromise, the conservatives like myself that think the national defense is important, should compromise on the military spending, and liberals should compromise on the welfare. >> and both sides are going to have to compromise on this, beyond defense spending is there any other compromise that you could see you supporting? >> well, it mostly has to be to me on the spending side. we used to spend about 20% of gdp, we're now spending 25% of gdp. so federal spending has gone up in an alarming rate in the last four years. and when people come to me and say oh, we just have to raise taxes on rich people. one, there is not enough money. and two, you often find when you raise rates you get less revenue. and sometimes you find when you lower rates you get more revenue. >> what do you mak
let's get to the fiscal cliff. the president set the deal, over the next decade. are there specific ways of reaching that figure that both of you might agree on? >> well, you know, i think one compromise i agree with the democrats on, we need to cut the military spending. so i think the compromise, the conservatives like myself that think the national defense is important, should compromise on the military spending, and liberals should compromise on the welfare. >> and both sides...
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Nov 23, 2012
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cliff. >>> and they are not the only ones trying to avoid the cliff. many major league baseball free agents are trying to get their money up front in 2012 to avoid tax increases. >>> well, the idea of selling designer merchandise on president obama's campaign website was mocked by some but the campaign is having the last laugh. bloomberg businessweek reports the idea by vogue editor anna wi wintor brought in more than $40 million. >>> meantime, the obama campaign is still fuming over some of the polls that got it wrong leading up to election day. the editor in chief for gallop whiched so mitt romney with a bigger lead admits gallup might have overestimated the get-out-the-oat efforts. >>> it's time for a geography quiz. put on your thinking caps. what is the name of this country? all right. if you said mexico, then you were wrong. our neighbors to the south actually go by the official title estados unidos mexicanos which is translated the united mexican states. but felipe calderon is making one last attempt to change the official name to mexico. >>> yo
cliff. >>> and they are not the only ones trying to avoid the cliff. many major league baseball free agents are trying to get their money up front in 2012 to avoid tax increases. >>> well, the idea of selling designer merchandise on president obama's campaign website was mocked by some but the campaign is having the last laugh. bloomberg businessweek reports the idea by vogue editor anna wi wintor brought in more than $40 million. >>> meantime, the obama campaign is...